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Economic Vitality

Economic Vitality measures the quantity and quality of jobs within a region, the relative incomes that its residents earn, the wealth they attain, and economic opportunities for its entrepreneurs.

Best Practices & Deeper Dives

How to Read the Tiles How to Read the Tiles


Average Wages provide an indication of the buying power of the residents of a region. A common refrain during conversations about Tampa Bay's relative economic performance is the perceived difficulty of comparing the market to others, due to the mix of industries in the region. Analysis of the average wage of "service" sector workers enables Tampa Bay leaders to better understand, in context, worker earnings in this major component of the economy.

Average Wage
Average Wage Service Sector

2024 Takeaways

The housing crisis continues, as local wages have yet to keep pace with rising housing costs. We do see year-over-year increases for Average Wage and Average Wage Service Sector. Tampa Bay has an average wage of $60,843 and ranks 18th among comparison communities. The average household income for the lowest quintile is a mere $15,351 annually.


Increases to average wages may indicate the presence of high-paying, and/or highly-skilled fields such as advanced manufacturing and professional services.


Lower average wages may indicate a prevalence of retail, tourism, service, and other low-paying jobs.


  • Job Industries
  • Job Availability
  • Talent Pipeline
  • Education and Degree Production
  • Skills-Based Hiring Practices